News Releases

TEL AVIV, Israel, and SAN FRANCISCO, Sept. 8, 2016 /PRNewswire/ -- prooV™ (https://proov.io), the world's first Pilot-as-a-Service platform that seamlessly connects enterprises to independent software vendors, today announced its global launch along with a $7 million USD Series A funding round from Mangrove Capital Partners and OurCrowd. prooV consolidates and optimizes the Proof of Concept (PoC) ecosystem, enabling global enterprises to discover, connect and engage with independent software vendors (ISVs) to easily run and evaluate multiple PoCs through remote, secure testing environments. The prooV platform also drastically reduces the demand on time and resources, allowing organizations to complete PoCs within days, not months. prooV will showcase its platform at TechCrunch Disrupt San Francisco from September 12-14, 2016.

"The PoC process has been complex, tedious and highly inefficient for both enterprises and vendors – until now," said prooV CEO and co-founder, Toby Olshanetsky. "prooV offers a radical new approach to testing, tracking and analyzing vendor solutions, accelerating the journey from RFP to PoC. Our goal is to level the playing field for Independent Software Vendors regardless of size, resources or geography, while also giving enterprises around the world greater insight into the best and most innovative technology solutions to suit their needs. prooV's unique testing environments and sophisticated predictive analytics allow the company to simulate real-time production environments for customers."

How prooV works

prooV's user-friendly platform enables enterprises and ISVs to easily discover, and be discovered by potential customers, suppliers, and partners, and then seamlessly execute on PoC opportunities. PoC pilots run on prooV's dedicated cloud-based testing environments that precisely emulate the enterprise's internal conditions, including data, APIs and systems. Testing environments are automatically created when an enterprise opens and defines new PoC opportunities. Benefits include:

• For Enterprises: access to hundreds of qualified vendors and state-of-the-art solutions, real-time predictive analytics based on performance and scalability; the ability to evaluate multiple vendors simultaneously; a wide range of pre-screened, qualified vendors; and a streamlined way to manage vendor pitches and requests.
• For Independent Software Vendors: a simplified PoC process that allows them to better showcase innovative technologies; search and apply for open PoC pilots initiated by enterprises; provide greater accessibility to potential projects, and utilize sophisticated testing platforms with minimal resources at a fraction of the cost.

"prooV addresses and solves a huge pain point in the market today by helping enterprises and software vendors more easily connect and run complex, time consuming and resource-draining PoCs," said Roy Saar, partner at Mangrove Capital.

David Stark, partner at OurCrowd, continued, "The prooV Pilot-as-a-Service approach reimagines the PoC process from beginning to end, making it easier for enterprises and vendors alike to share new solutions, test, track, analyze and report. There is nothing else like it on the market today."

About prooV

prooV™ (https://proov.io) is the first Pilot-as-a-Service platform that brings together global enterprises and independent software vendors to discover, connect and execute Proof of Concepts (PoCs) through remote, secure testing environments. Founded by serial entrepreneurs who recognized the inefficiencies in the modern PoC process, prooV offers a radical new approach to testing, tracking and analyzing vendor solutions, accelerating the journey from RFP to PoC.

Founded in 2015 and headquartered in Tel Aviv, prooV is a privately held company backed by Mangrove Capital Partners and OurCrowd. Follow us on Twitter or learn more at https://proov.io.

All trademarks contained herein are the property of their respective owners.

Logo - http://photos.prnewswire.com/prnh/20160908/405739LOGO

SOURCE prooV